They keep telling stuff like that for the past 60 years and we are at the PEAK of oil production.

Agreed, these prediction always have some lose ends, and how is this even possible with Russia not yet fully exploiting there Arctic regions?

Not to mention how many unexplored fields there must be in entire Russia, it is the largest country bigger than a few continents and still so many places undiscovered and unchecked for resources and this is kept that way due to the communist doctrine to keep russians away from russian resources which belong to an elite...according to the elite which controls still to many aspects in russia and with high fideltiy the resources cooperated with CBR scum.

Sounds like Moscow has an EU workaround, its not a Russian pipe at all, its Swiss.

MOSCOW (Sputnik) — "Nord Stream 2 AG [operating company] has finalized its international tender for the supply of high-quality steel pipes for two pipelines…Deciding the tender now is a prerequisite for keeping the pipeline construction timeline with construction of both pipelines starting in 2018. Pipe deliveries are planned to start in September 2016," the operator's press release read.

In September, Russian energy giant Gazprom and its European partner companies signed a shareholders agreement on the Nord Stream 2 gas pipeline. The signatories were Gazprom, E.On, Shell, OMV, BASF and Engie. The Swiss-based Nord Stream 2 AG company was created to operate the gas pipeline and its construction. Its chairman is former German Chancellor Gerhard Schroder.

Under conditions of the Nord Stream 2 AG tender, high-quality steel pipes for the project will be supplied by the German Europipe GmbH and the Russian United Metallurgical Company JSC (OMK) and Chelyabinsk Pipe-Rolling Plant JSC (Chelpipe) companies. These will provide 40, 33 and 27 percent of the pipes respectively, according to the press release.

Final negotiations and the contract signing are due to take place in the coming weeks, the statement added.

Nord Stream 2 could provide up to 55 billion cubic meters of direct gas supplies from Russian shores through the Baltic Sea, bypassing Baltic states and Poland, to the German coast. The project has met opposition from some EU member states, such as Poland and the Czech Republic, over fears of increased energy dependence on Russia. Germany has consistently supported the project.

Nothing surprising here. Oil fields don't last forever and it is a fact that globally the discovery of new oil fields of any significance has basically collapsed. The current conventional oil field discovery rate is only 1/8 (i.e. 12.5%) of that needed to maintain existing reserves. It has beennon-conventional oil production in the USA and biofuels globally that has kept the illusion of that oil supply is unconstrained. The current oil"glut" can disappear in a very short period of time if enough US fracking operations shut down. In addition, Saudi Arabia is a "dead man walking"and its crown jewel Ghawar (the largest oil field on the planet and another such as it will never be discovered) will undergo the same collapsethat the Yibal field experienced in Oman. When the water to oil ratio hits around 45:55 there will be an inversion of the emulsion regime in therock matrix. Right now oil flows through the rock matrix with microscopic water droplet inclusions, it will phase change to a regular emulsion where it will be the water that flows and the oil droplets will remain trapped in the rock. Ghawar is a very old field and is very close to this transition.So we can see the disappearance of 10 million barrels per day of production over the span of a few years from production failure in many locations.

Turkey has confirmed it’s ready to continue negotiations on the Turkish Stream gas pipeline project, said Russian Deputy Prime Minister Arkady Dvorkovich as representatives from the energy ministries of the two countries met on Tuesday.

This deal was going to be good for Turkey and for Russia... I would like to see it go ahead.

I suspect the whole idea is to separate itself from the whining EU... deliver it to Turkey and they can deliver it to EU on their terms... ie not Russias problem any more.

_________________“The West won the world not by the superiority of its ideas or values or religion […] but rather by its superiority in applying organized violence. Westerners often forget this fact; non-Westerners never do.”

― Samuel P. Huntington, The Clash of Civilizations and the Remaking of World Order

Poland and its master, Uncle Scam, are under the delusion that Russia gives a f*ck. Transit of gas via Banderastanwill stop by 2018 regardless of the completion of Nord Stream II or not. These clowns actually expect Russia to subsidizethe butchers in Kiev. Russia is not that desperate and not that stupid.

BTW, please do not link to Forbes, cut and paste some relevant quotes. It is a garbage website that insists adblocking software be disabled. I am not going to expose my computer to malicious javascript that is part of these precious ads that installs malware. I haveburned myself once already by disabling adblocking on a website.

-Implementation of Nord Stream 2 proceeds as planned-Prospective Shareholders to continue close cooperation

Aug. 12, 2016 | Zug | The signatories of the Nord Stream 2 AG shareholders’ agreement have today withdrawn their application for a merger clearance proceeding in Poland. This decision does not affect implementation of the project, which continues as planned.

The decision only affects the acquisition of the existing project company’s shares by Gazprom’s Western partners. The current ownership of shares in Nord Stream 2 AG remains unchanged. The implementation schedule of the Nord Stream 2 project also remains unchanged. The prospective shareholders will continue their close cooperation and their mutual efforts towards strengthening the security of the European gas supply.

kvs wrote:BTW, please do not link to Forbes, cut and paste some relevant quotes. It is a garbage website that insists adblocking software be disabled. I am not going to expose my computer to malicious javascript that is part of these precious ads that installs malware. I haveburned myself once already by disabling adblocking on a website.

I was not aware of such a thing can happen , Any tip on how to clean up the malware from computer , I am sure it must be there in my machine that I may not be aware of ?

kvs wrote:BTW, please do not link to Forbes, cut and paste some relevant quotes. It is a garbage website that insists adblocking software be disabled. I am not going to expose my computer to malicious javascript that is part of these precious ads that installs malware. I haveburned myself once already by disabling adblocking on a website.

I was not aware of such a thing can happen , Any tip on how to clean up the malware from computer , I am sure it must be there in my machine that I may not be aware of ?

Any recommendation on good AV and anti-Malware SW ? Thanks

Malwarebytes is traditionally the most powerful of the anti-malware software around. Malwarebytes chameleon is recommended and to run it in safe mode to be most effective. Its free too for just scanning and cleaning, but not for active protection. Free one that is for active is avast that is good nod32 and Kaspersky for paid (not worth it imo).

kvs wrote:BTW, please do not link to Forbes, cut and paste some relevant quotes. It is a garbage website that insists adblocking software be disabled. I am not going to expose my computer to malicious javascript that is part of these precious ads that installs malware. I haveburned myself once already by disabling adblocking on a website.

I was not aware of such a thing can happen , Any tip on how to clean up the malware from computer , I am sure it must be there in my machine that I may not be aware of ?

Any recommendation on good AV and anti-Malware SW ? Thanks

Malwarebytes is traditionally the most powerful of the anti-malware software around. Malwarebytes chameleon is recommended and to run it in safe mode to be most effective. Its free too for just scanning and cleaning, but not for active protection. Free one that is for active is avast that is good nod32 and Kaspersky for paid (not worth it imo).